The 4C's
Cut
Clarity
The “Clarity” of a diamond indicates how free that diamond is of inclusions and blemishes, or other imperfections, that may affect its beauty and durability. Because diamonds are formed under extreme heat and pressure, deep within the earth, they often contain unique birthmarks either internal (inclusions) or external (blemishes). While creating lab-grown diamonds these birthmarks can occur as they follow the same natural processes. Diamonds without birthmarks are rare, and this rarity will impact a diamond’s value. Every diamond is unique whether earth mined, or lab created.
To determining a clarity grade, the diamond grader will consider the size, nature, position, colour and quantity of clarity characteristics visible under 10X magnification. The Clarity Scale contains 11 grades ranging from flawless (FL) to included (I3), with the majority of diamonds falling into the VS (very slightly included) or SI (slightly included) categories. No diamond is perfect although some come close. These are classified as Flawless diamonds and are exceptionally rare.
The “colour” of a diamond is about what you can’t see rather than what you can see. A diamond’s value is related to how closely it approaches being colourless. The less colour visible in a diamond equates to a higher value. The exceptions are fancy coloured diamonds (LINK TO FANCY COLOURED DAIMOND EDUCATION PAGE) which lie outside this colour range.
Diamond colour is graded on a scale from D to Z, with D being colourless and Z having a heavy yellow hue. Diamonds beyond Z are called "fancy" and have their own grading system. The more intense and pure the colour, the more valuable the diamond is because of its rarity.
Diamonds are colour-graded by comparing them to master stones of true colour grades identified under controlled lighting and precise viewing conditions. Many of these colour distinctions are so subtle between grades as to be unobserved to the untrained eye. But these slight differences make a substantial difference in diamond quality and price.
Carat (Weight)
“Carat” is a unit of measurement used to measure the weight of diamonds and other gemstones. One carat is equal to 0.2 grams. For reference that is about the same weight as a small paperclip. One carat is divided into 100 points, similar to how a dollar is divided into 100 pennies. For example, 50-point diamond weighs 0.50 carats. In the diamond industry, weight is often measured to the hundred thousandths of a carat and rounded to a hundredth of a carat. Diamond weights greater than one carat are expressed in carats and decimals. (For instance, a 1.08 ct. stone would be described as “one point oh eight carats,” or “one oh eight.”)
*Note that there is a difference between Carat and Karat.